Karachi, The Pakistan Stock Exchange (PSE) displayed a mixed performance on Monday with modest gains and losses across various indices and stocks. The overall market activity concluded with the KSE100 index slightly down by 60.92 points, while other major indices like KSE30 and KMI30 also saw minor changes.
In the ready market, out of the total 369 companies, 175 reported gains, 168 experienced losses, and 26 remained unchanged. The future market showed a somewhat bearish trend with 181 companies declining against 121 advances.
WorldCall Telecom led the turnover in the ready market, closing at 1.36, a decrease from its opening rate of 1.41. Kohinoor Spinning, on the other hand, showed notable growth, closing at 4.88, up from an opening of 4.35.
Air Link Communication also reported a positive day with a closing rate of 67.00, higher than its opening rate of 64.99. K-Electric Ltd, despite high activity, closed slightly lower at 4.36 compared to the opening rate of 4.44.
Notably, Habib Bank was among the significant gainers, closing at 115.81, up from an opening rate of 111.30. The substantial movement indicated strong investor interest.
In notable stock movements, Hallmark Company Limited stood out with a significant increase, closing at 696.00, a jump of 47.97 points. Conversely, Unilever Pakistan Foods Limited saw a sharp decrease, closing at 20,699.00, down by 101.00 points.
Mari Petroleum and Allawasaya Textile & Finishing Mills Ltd also experienced declines in their stock prices, closing lower at 2,631.31 and 1,255.00, respectively.